Monday, May 12, 2008

Idemitsu forecasts sixfold profit increase on higher margins for oil products and petrochemicals

Idemitsu Kosan Co. has forecast a profit increase by more than sixfold on higher margins for oil products and petrochemicals. The refiner forecast net income of 31 bln yen (US$295 mln) for the year ennding March 31.

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